Wall Street brokerages expect that Retail Properties of America, Inc. (NYSE:RPAI) will post earnings per share (EPS) of $0.25 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Retail Properties of America’s earnings. The lowest EPS estimate is $0.23 and the highest is $0.25. Retail Properties of America reported earnings per share of $0.30 during the same quarter last year, which would suggest a negative year-over-year growth rate of 16.7%. The company is expected to report its next quarterly earnings report after the market closes on Monday, October 30th.

On average, analysts expect that Retail Properties of America will report full-year earnings of $1.04 per share for the current financial year, with EPS estimates ranging from $1.03 to $1.06. For the next year, analysts expect that the firm will post earnings of $1.05 per share, with EPS estimates ranging from $0.97 to $1.10. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that cover Retail Properties of America.

Retail Properties of America (NYSE:RPAI) last issued its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.01. Retail Properties of America had a return on equity of 9.20% and a net margin of 34.57%. The business had revenue of $137.34 million for the quarter, compared to analyst estimates of $135.81 million. During the same quarter in the prior year, the firm posted $0.31 earnings per share. The firm’s revenue for the quarter was down 6.7% compared to the same quarter last year.

A number of research analysts have recently issued reports on RPAI shares. BidaskClub raised Retail Properties of America from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. KeyCorp reissued a “hold” rating on shares of Retail Properties of America in a research note on Friday. Jefferies Group LLC reissued a “hold” rating and issued a $13.00 target price on shares of Retail Properties of America in a research note on Tuesday, June 20th. Zacks Investment Research cut Retail Properties of America from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. Finally, Citigroup Inc. reissued a “buy” rating and issued a $16.00 target price (down from $18.00) on shares of Retail Properties of America in a research note on Tuesday, June 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $16.08.

A number of hedge funds have recently modified their holdings of RPAI. Paragon Capital Management Ltd bought a new stake in shares of Retail Properties of America during the first quarter valued at approximately $155,000. Nationwide Fund Advisors bought a new stake in shares of Retail Properties of America during the first quarter valued at approximately $162,000. Comerica Bank bought a new stake in shares of Retail Properties of America during the first quarter valued at approximately $156,000. Profund Advisors LLC bought a new stake in shares of Retail Properties of America during the second quarter valued at approximately $143,000. Finally, Brookstone Capital Management bought a new stake in shares of Retail Properties of America during the second quarter valued at approximately $146,000. Institutional investors and hedge funds own 78.99% of the company’s stock.

Retail Properties of America (RPAI) opened at 13.39 on Friday. The stock’s 50 day moving average price is $13.03 and its 200 day moving average price is $13.53. Retail Properties of America has a 52 week low of $11.61 and a 52 week high of $17.57. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 16.95 and a beta of 0.47.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 10th. Shareholders of record on Tuesday, September 26th will be issued a $0.1656 dividend. The ex-dividend date of this dividend is Monday, September 25th. This represents a $0.66 annualized dividend and a yield of 4.95%. Retail Properties of America’s dividend payout ratio (DPR) is presently 82.50%.

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Retail Properties of America Company Profile

Retail Properties of America, Inc is a real estate investment trust (REIT). The Company owns and operates shopping centers located in the United States. As of December 31, 2016, it owned 156 retail operating properties representing 25,832,000 square feet of gross leasable area (GLA). Its retail operating portfolio includes neighborhood and community centers, power centers, and lifestyle centers and multi-tenant retail-focused mixed-use properties, as well as single-user retail properties.